RVR 0.00% 7.3¢ red river resources limited

Ann: RVR hits 86m @ 2.3% Zn Eq from surface at Cougartown, page-19

  1. 13,394 Posts.
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    Yesterday's announcement simply establishes that they have found mineralisation where drilled, it may lead to something bigger or may not but 2.3 % ZINC Eq isn't economic and that grade will be based on today's high prices.

    Given the strength of commodities , the likelihood this quarter is almost certain to be an improvement on the previous one and likely some positive announcements in the near future I will be dipping will dip my toes back in today for a partial return... I'm doing that on the basis of a combination of Far West and eventually Hillgrove maintaining adequate cashflow and repaying debt. Liontown will be an expense for at least another 12 months IMO.

    As always I have no idea what the shareprice will do or the markets in general but I feel the downside is limited at this stage...

    Cheers Whisky



 
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